A city government purchases a new vehicle for its police department at a cost of $55,000. Which of the following is not true? Select one: a. An expenditure for $55,000 will be reported in the fund financial statements. b. Depreciation in connection with this vehicle will be reported in the fund financial statements. c. The vehicle will not appear within the reported assets in the fund financial statements. d. The vehicles account will increase by $55,000 in the government-wide financial statements.